Roman Butler Fullerton & Co. Buys Shares of 443 Sandisk Corporation $SNDK

Roman Butler Fullerton & Co. purchased a new position in Sandisk Corporation (NASDAQ:SNDK) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 443 shares of the data storage provider’s stock, valued at approximately $281,000.

Other hedge funds also recently modified their holdings of the company. Range Financial Group LLC bought a new stake in Sandisk during the 1st quarter worth approximately $3,472,000. Kestra Advisory Services LLC lifted its stake in Sandisk by 33.7% in the first quarter. Kestra Advisory Services LLC now owns 3,666 shares of the data storage provider’s stock valued at $2,329,000 after buying an additional 925 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Sandisk by 134.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 40,436 shares of the data storage provider’s stock valued at $25,691,000 after buying an additional 23,167 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in shares of Sandisk by 13.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,984 shares of the data storage provider’s stock valued at $1,261,000 after buying an additional 228 shares during the period. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in shares of Sandisk during the first quarter worth $329,000.

Sandisk Trading Up 3.1%

Shares of NASDAQ SNDK traded up $57.65 during midday trading on Friday, reaching $1,915.92. The company’s stock had a trading volume of 10,956,274 shares, compared to its average volume of 10,872,288. The stock has a 50 day simple moving average of $1,726.30 and a 200-day simple moving average of $996.55. The stock has a market capitalization of $283.73 billion, a price-to-earnings ratio of 66.59 and a beta of 4.74. Sandisk Corporation has a fifty-two week low of $40.10 and a fifty-two week high of $2,354.39.

Sandisk (NASDAQ:SNDK) last issued its quarterly earnings results on Thursday, April 30th. The data storage provider reported $23.41 EPS for the quarter, topping the consensus estimate of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The firm had revenue of $5.95 billion for the quarter. During the same period last year, the firm earned ($0.30) earnings per share. The company’s quarterly revenue was up 251.0% compared to the same quarter last year. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, equities analysts anticipate that Sandisk Corporation will post 64.01 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the sale, the executive vice president owned 52,677 shares of the company’s stock, valued at approximately $92,531,364.66. The trade was a 3.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Michael Pokorny sold 2,446 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1,426.18, for a total value of $3,488,436.28. Following the transaction, the chief accounting officer owned 22,375 shares in the company, valued at approximately $31,910,777.50. This trade represents a 9.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 6,225 shares of company stock worth $10,166,297. Company insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

SNDK has been the topic of a number of research analyst reports. Sanford C. Bernstein raised their price objective on shares of Sandisk from $1,700.00 to $3,000.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $1,200.00 target price on shares of Sandisk in a report on Friday, May 1st. Wedbush lifted their price target on Sandisk from $740.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Bank of America boosted their price target on Sandisk from $2,100.00 to $2,500.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Melius Research set a $2,350.00 price objective on Sandisk in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and an average target price of $1,684.24.

Sandisk News Summary

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Wedbush raised its price target on Sandisk and said it expects a strong earnings beat, citing favorable NAND pricing trends and improving fundamentals ahead of the company’s upcoming quarterly report. Article Title
• Positive Sentiment: Sandisk and other memory stocks rebounded after a Samsung-led sector selloff, as investors rotated back into the group on hopes that demand remains strong. Article Title
• Positive Sentiment: Reports that Meta signed a multi-year NAND flash supply deal with Sandisk added to optimism around AI infrastructure demand and long-term storage sales. Article Title
• Positive Sentiment: Sandisk announced it will report fiscal fourth-quarter and full-year 2026 results on August 5, followed by an Investor Day on August 13, which keeps a near-term catalyst in focus. Article Title
• Neutral Sentiment: Sandisk is being highlighted in broader market coverage and stock-mover lists, reflecting elevated trading interest rather than a single company-specific development. Article Title
• Negative Sentiment: Some commentary warned that investors may be pricing in too much AI-memory optimism, with concerns that storage demand could be peaking after the recent rally. Article Title
• Negative Sentiment: A separate article argued that investors didn’t need Sandisk to benefit from the AI wave, suggesting some capital could rotate into broader semiconductor ETFs instead of the stock. Article Title

About Sandisk

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.